Super Micro Computer said it received more than $60 billion in new orders during its fiscal fourth quarter, taking its backlog to a record level. It now expects gross margins of 15% to 17%, well above its previous forecast of 8.2% to 8.4%.

Revenue is still expected near the lower end of its $11 billion to $12.5 billion guidance range. The update confirms strong AI infrastructure demand, but investors need evidence that the backlog can become deliveries, revenue and cash flow.

Why This Matters

Super Micro sits at the centre of the AI server buildout. Its systems combine GPUs, networking, power management and liquid cooling. The order total suggests cloud providers and AI operators are still spending aggressively.

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